Euro fell in European trade against dollar for another session away from three-week highs on profit-taking while the dollar gains ground on haven demand as US-China tensions mount. 

EUR/USD fell 0.4% to 10900, with an intraday high at 1.0953.

Euro closed yesterday down 0.3%, the first loss in five sessions away from three-week high at 1.1008. 

The dollar index rose 0.3% on Friday for another session away from two-week lows at 99.00. 

Geopolitical tensions are surging between US and China on multiple issues such as the Covid 19 pandemic, the handling of Taiwan and Hong Kong. 

The pair is still up 0.7% on track for the first weekly profit in three on profit-taking. 

Both Germany and France suggested launcing a 500 billion euro recovery fund to support countries and segments most affected by the virus. 

However, gathering approval for that proposal might take time, with some richer and more conservative countries expected to balk at the scale of it. 

Asian stock indices opened the fifth session of the week lower on concerns of renewed Hong Kong protests after China's Parliament passed new laws that imposed more restrictions and bans on many perceived-as-rebellious activities in Hong Kong.

Earlier Japanese data showed consumer prices rose 0.1% compared to a 0.4$ rise in March, while core prices fell 0.2%. 

Bank of Japan held an emergency meeting on May 22, maintaining rates at negative 10% as expected while also maintaining 10-year government bond yield targets at zero. 

The BoJ has launched a new lending program to support medium and small countries suffering from the Covid 19 hit. 

The Bank will also accelerate purchases of 6-month corporate bonds until the end of the year, with total measures taking against Covid 19 amounting to 75 trillion yen so far. 

According to World Health Organization data, cases of the Covid 19 reached 5.107 million worldwide, with the death toll standing at 333,000. 

Japan's TOPEX fell 0.50%, while Nikkei 225 shed 0.44% to 20,462. 

China's CSI 300 fell 1.5% to 3,855, while Shanghai shed 1.22% to 2,833. 

Hong Kong's Hang Seng tumbled 3.70%, while South Korea's KOSPI tumbled 1.52% to 1,967. 

New Zealand's NZX 50 fell 0.38%, while Australia's S&P/ASX 200 declined 0.62% to 5,516. 

Gold futures tilted higher in Asian trade off May 13 lows while the dollar index eked out gains away from May 4 lows, following data and policy decisions from Japan and amid rising US-China tensions. 

As of 04:27 GMT, gold futures due in June rose 0.09% to $1,727 an ounce, while the dollar index rose 0.08% to 99.51. 

Earlier Japanese data showed consumer prices rose 0.1% compared to a 0.4$ rise in March, while core prices fell 0.2%. 

Bank of Japan held an emergency meeting on May 22, maintaining rates at negative 10% as expected while also maintaining 10-year government bond yield targets at zero. 

The BoJ has launched a new lending program to support medium and small countries suffering from the Covid 19 hit. 

The Bank will also accelerate purchases of 6-month corporate bonds until the end of the year, with total measures taking against Covid 19 amounting to 75 trillion yen so far. 

China's Parliament has passed new laws that imposes more control and bans on many rebellious activities in Hong Kong, while the Chinese governments avoided issuing 2020 economic forecasts.  

US-China political tensions flared up after the US Senate passed a bill to prevent Chinese companies from listing on US exchanges.

According to World Health Organization data, cases of the Covid 19 reached 5.107 million worldwide, with the death toll standing at 333,000. 

USD/JPY tilted lower in Asian trade off April 13 highs following earlier data from Japan and an emergency BoJ policy meeting, and amid a lack of data from the US. 

As of 06:03 GMT, USD/JPY fell 0.15% to 107.45, with an intraday low at 107.41. 

Earlier Japanese data showed consumer prices rose 0.1% compared to a 0.4$ rise in March, while core prices fell 0.2%. 

Bank of Japan held an emergency meeting on May 22, maintaining rates at negative 10% as expected while also maintaining 10-year government bond yield targets at zero. 

The BoJ has launched a new lending program to support medium and small countries suffering from the Covid 19 hit. 

The Bank of also accelerate purchases of 6-month corporate bonds until the end of the year, with total measures taking against Covid 19 amounting to 75 trillion yen so far. 

According to World Health Organization data, cases of the Covid 19 reached 5.107 million worldwide, with the death toll standing at 333,000.